IMPROVED advises Alliander on its Divestment of Allego to Meridiam

“Alliander launched Allego in 2013 with the aim of creating a big enough EV-charging network to allow people to drive their electric cars with freedom and confidence, and to develop solutions to ensure that e-charging doesn’t overload the electricity grid ... I’m delighted that we’ve found a new owner for Allego who shares this vision. As a long- term international investor in infrastructure, Meridiam ties in very well with Allego’s activities and is perfectly positioned to support it through the next phase of rapid international growth. The sale recoups Alliander’s initial outlay in Allego.”

“We are extremely happy for all parties involved and to have found a solution that allows Allego to fulfil its future ambitions and to secure the independence it needs to become the best and truly open EV infrastructure across Europe ... Due to the nature of the project, it was a quite complex carve out, equity sale and financing transaction which we managed to execute in just over five months. Given our recent and continuous advisory work in this space, we foresee a large number of new EV-related transactions coming about the near future. To respond to this increase in demand, we have extended our team to ensure we can manage the requests for advice in the EV sector. We believe that our track-record and continuing work in the EV space uniquely positions IMPROVED as a leader in projects relating to future mobility including green infrastructure.”